Moody's Investors Service (Moody's) has today assigned a B2 corporate family rating (CFR) and a B2-PD probability of default rating (PDR) to Royal Ten Cate ('RTC' or the company). Concurrently, Moody's assigned B2 instrument ratings to the company's senior secured term loan B1, senior secured term loan B2 and the senior secured revolving credit facilities borrowed by Tennessee Acquisition B.V., the parent company of RTC group. Today's rating action incorporates the amendment of the existing senior secured facilities resulting in an increase of the TL B1 by up to EUR 130 million to around EUR equivalent 543 million outstanding and Moody's expectation that up to EUR 90 million of the proceeds from the EUR 130 million tap on the TL B1 will be distributed to RTC's shareholders.

Nissan Motor is considering asking ex-Toray Industries chief and Japan Inc heavyweight Sadayuki Sakakibara to chair its board meetings while leaving vacant the chairman post previously held by Carlos Ghosn, a source said on Thursday. Japan's No. 2 automaker is considering nominating Sakakibara, a former head of powerful business lobby Japan Business Federation, to become an external director at the general shareholders' meeting in June, the source, who has direct knowledge of the matter, told Reuters. Nissan has tasked an external committee to help improve corporate governance after the arrest and ouster of Ghosn, who faces charges of financial misconduct including understating his compensation by about $82 million over nearly a decade.

U.S. sanctions have cut off imports of foreign components needed to produce Russia's first post-Soviet mainline commercial aircraft, threatening its production schedule, the newspaper Kommersant reported on Thursday. Russia hopes the MS-21, a twin-engine, medium-range passenger plane, will give Boeing and Airbus a run for their money. The two manufacturers whose products had been affected were Connecticut-based Hexcel of the United States and Japan's Toray Industries, the newspaper said.

Japan's Mitsubishi Materials Corp (5711.T) on Monday announced a top management reshuffle after the maker of metals and other products for the first time explicitly accepted responsibility over a data tampering scandal dating back to last year. In a statement, Mitsubishi Materials said its president Akira Takeuchi will step down from that role and assume the position of chairman after an annual shareholders meeting on June 22. Current executive vice-president Naoki Ono will take over from Takeuchi as president, a role that carries responsibility for executing strategy at Mitsubishi Materials.